California’s Attorney General, Rob Bonta, joined forces with the Los Angeles Police Department to bring down a Van Nuys couple implicated in a massive $1.9 million scam, preying on the trust of Los Angeles’ Vietnamese community, as per an announcement detailed on the state’s official website. The accused, Kim Nguyen and Phuc Huynh, face a dozen counts of Grand Theft, following their arrest by the LAPD, with charges filed in the Los Angeles Superior Court.
This case exposes a cruel betrayal where the defendants, Nguyen and Huynh, allegedly courted investors for phantom investment or loan opportunities, assuring a mix of safety and profit, despite which many fell into the trap set by their own community members, and they were left with worthless promissory notes or loan agreements that were notarized to trick investors into thinking they were authentic, or so the charges filed by the Department of Justice suggest. The couple reportedly reeled in roughly $1.9 million from a dozen investors, using most of the investments for their personal gain, including maintaining an affinity for a local casino, according to official statements.
“Exploitation of immigrant communities for financial gain will not be tolerated in California,” Attorney General Bonta asserted, declaring an aggressive stance against financial and criminal misconduct. LAPD Chief Jim McDonnell paralleled this sentiment, recognizing the partnership with the Department of Justice as essential in serving the victims of this vile scheme, as both officials were quoted as expressing to the press…